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Wednesday 12 August 2009

Nine Australians are missing after their plane got lost in Papua New Guinea. They were due to start walking the Kokoda Track with Melbourne based tour company No Roads Expeditions. The plane is believed to have gone down in dense jungle near the Owen Stanley Mountains. More

Richard Leahy has been flying in PNG for more than 40 years. He says that crashes are not unusual over Papua New Guinea, due to difficult conditions created by high mountains and low-lying clouds. More

Federal Opposition Leader Malcolm Turnbull expressed his sympathy for the families of nine Australians missing in Papua New Guinea. Mr Turnbull faces a tough week ahead. The Senate will vote on the Emissions Trading Scheme on Thursday, and though the Liberal Party has developed an alternative ETS model, their leader is stopping short of calling it policy. More

AM is broadcasting live this morning from the Crib Break Cafe, across the road from Mount Arthur open cut coal mine in the mining town of Muswellbrook. There's no sign of production slowing here with Mt Arthur set to increase production by 30 per cent. More

Chief executive of the NSW Minerals Council Nikki Williams believes that Laborís ETS will cause large layoffs in the industry. Meanwhile, development is underway in Newcastle and the Hunter Valley to double coal exports within the next seven years. More

The alpine principality of Liechtenstein is giving up its secrecy as a long known tax haven. It's the first tax haven to allow another country, in this case Britain, to recover lost taxes from its citizens holding secret bank accounts there. More